CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 20/10/2021

Fundamental analysis

20 October, 2021

The British Pound USD currency pair edged upwards to 1.3802 during the Asian session. The Pound rallied on Tuesday. The UK’s economic calendar was empty. In the United States, Building Permits for September came in at 1.589 million, lower than the 1.680 million that had been forecast. Housing Starts for September were also below analysts expectations printing at 1.555 million. The consensus estimate was 1.620 million.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/10/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/10/2021

Support & Resistance Level Explanation
Resistance 2 1.3860 Daily R2
Resistance 1 1.3835 Daily R1
Support 1 1.3766 Daily S1
Support 2 1.3741 Daily S2

GBPUSD Indicator Table - 20/10/2021

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

GBPUSD Indicator / Period Table - 20/10/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Sell NeutralBuy
SMA 20 Buy BuyBuy

GBPUSD 20/10/2021 - Reference Price : 1.3799

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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